My Prescription For Future Durable Economic Growthhttp://www.businessinsider.com/david-rosenberg-turkey-with-dave-2012-11/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Tue, 31 Mar 2015 15:05:45 -0400David Rosenberghttp://www.businessinsider.com/c/50b9ddc369beddf757000002tSat, 01 Dec 2012 05:36:51 -0500http://www.businessinsider.com/c/50b9ddc369beddf757000002
4 and 7 are allright too.
If not 75, the eligibilty retirement age should atleast be raised to 65.http://www.businessinsider.com/c/50b03d68ecad04db24000020MajorFri, 23 Nov 2012 22:22:16 -0500http://www.businessinsider.com/c/50b03d68ecad04db24000020
"cut oil price. It's the biggest economic cost we have."
Nah. You're forgetting the cost of maintaining the world's largest, most bloated, costly, unproductive, and consumptive service sectors – preeminent among them are our very own: healthcare services industry, our education services industry and our, most massively subsidized, financial services industry.
Our few remaining productive service sectors simply can no longer afford the current cost of our current service sectors, in their current form.http://www.businessinsider.com/c/50b01f7cecad04a76a000011Gary AndersonFri, 23 Nov 2012 20:14:36 -0500http://www.businessinsider.com/c/50b01f7cecad04a76a000011
Yeah, I liked David's 8 trends but his 10 solutions suck.
Come on David. Don't sell your soul to Wall Street! (He already has).http://www.businessinsider.com/c/50b00ddd69bedd0b79000023gmjFri, 23 Nov 2012 18:59:25 -0500http://www.businessinsider.com/c/50b00ddd69bedd0b79000023
It's too late, David. The US gov't has encouraged the least intelligent, most dependent people in this country to have lots of babies on the taxpayer dime. The US gov't has opened America's borders to the least educated people in Latin America. These kids are doomed genetically and environmentally. In general, the US is an idiocracy, where family size is inversely proportional to parental intelligence. Look at the highly touted liberal crowd, for example. High IQ, small families. Go to the Census Bureau website and check it out.
Even among so-called "smart" kids, the percentage who like and can handle STEM curricula is very small, and ALWAYS HAS BEEN. Stop kidding yourself. If you want to employ the average young US male, you had better bring manufacturing back to these shores. Kids who can't do REAL college-level work should be given education in trades. Don't force them to go to college and fail and end up hopelessly in debt.
America's educational and economic future are being sacrificed on the altars of political correctness and progressive social experimentation. We are pouring resources into our least capable students, and letting the best fend for themselves. We should be doing the exact opposite.http://www.businessinsider.com/c/50b000dbeab8ea186b000004The Education PlatitudeFri, 23 Nov 2012 18:03:55 -0500http://www.businessinsider.com/c/50b000dbeab8ea186b000004
Good point. It's become cliche to claim that we need to do a better job with educating our young people, as if the international scholastic ratings don't make that a truism. But easier said than done.
While I am not advocating a hereditarian theory of intelligence, there is a cultural element that government and other institutional forces simply cannot substitute for. A two-parent home life, with parents who care about the child's education is the best start, but is becoming far less common.
I suspect we'll continue to hear ineffectual calls for government action on education as outcomes continue their slow decline right along with the societal norms which are required to raise children properly.http://www.businessinsider.com/c/50affc93eab8ea6d60000007FacepalmFri, 23 Nov 2012 17:45:39 -0500http://www.businessinsider.com/c/50affc93eab8ea6d60000007
"Education" is too vague. Much of "education" spending is a waste as far as future productivity is concerned. We need to restructure education to focus on giving young people marketable skills more quickly and leave the liberal arts stuff to be seen as the luxury good that it really is.http://www.businessinsider.com/c/50affa63ecad04c12d000001Major DouglasFri, 23 Nov 2012 17:36:19 -0500http://www.businessinsider.com/c/50affa63ecad04c12d000001
1, 2, 3, 4, 5, and 7 are "Screw the poor for the benefit of the rich".
6, 8, and 9? Okay.
#10? There really ARE stupid people. Naturally-born 2-digit-IQ middling-to-average-to-dumb people. Born in every country on Earth. Millions of them in the USA. People who are not going to be information-age whatever-the-hell-it-is-they-dos no matter how many hours and years they sit in stuffy classrooms. Sorry.
You can't have more than about a third of the population getting a college degree without demeaning any remaining meaning left in getting the degree. Already, if you game the disability office enough on learning disorders, you can get a bachelors from most major universities while almost entirely illiterate.
Our real problem is that 95% of the workforce has a high school diploma. The fact that nobody fails it means that it means nothing, so when you hire for a job where the requirements are what 60% of high school grads can do, you have to require a college degree (since the diploma tells you nothing).
In Germany or Japan, you can get a "second-tier" or "third-tier" high school degree which tells employers a lot more. Or, if you're really not workforce material, you're much less likely to get any diploma from those than from a US public school.http://www.businessinsider.com/c/50aff24369beddc63a000027JescamilloFri, 23 Nov 2012 17:01:39 -0500http://www.businessinsider.com/c/50aff24369beddc63a000027
All this is fancy talk by an economist.
The ONLY way to fix the WEST fast is to export its troubles to the EAST.
This is what empires always did.
How?
By forcing oil price to go down to $30 - 40 / barrel.
How?
Gulf War 3.
Gulf Woar 1 (1991) created a 10 year bull market.
Gulf War 2 (2003) created a 5 year bull market.
Gulf War 3 will create another huge bull market.
There are other prcedents:
When Rome was bankrupt after Hannibal, it raped Gaul, and became flush.
When Britain was bankrupt after Napoleon, it raped India.
The West should rape the Mid East (again), knock oil price by 2/3, and become flush.
Of course, this will decimate the Russian, Iranian, and Saudi economies.
But they don't vote here, do they?
Then we can do education, welfare, and the rest.
First, cut oil price. It's the biggest economic cost we have.